What would you do with $5M?

Quote: Dieter

Not far from Danbury, by the look of things.

It's pretty up that way, but all the roads seem to seriously suck.

Looks like about an hour to the NW. When I am up there, I sometimes visit the Turtle Lake casino in St Croix

Payoff mortgage, loan on my wife's vet clinic, and all our other debt = $325k
Two new cars = $50-60k
Kid's college funds = $100k
House upgrades: New kitchen, 2 new bathrooms, new flooring in 2/3rds of house, fresh interior paint, two new sliding glass doors, various minor to moderate electrical and remodeling updates, including fireplace repair = $250k ?
Yardwork: French Drain, sprinkler system installed, in-ground pool installed with surrounding patio = $50-75k ?
convert deck into 3 season room = $5-10k
New furniture, whole house = $100-150k

That's just under $1M so far. Probably give away $500k to our friends & relatives (that we like). That's about $10k each on my side of the family and about $100 each on my wife's side. (They breed a lot! She has cousins from age 68 down to age 21!)

That leaves about $3.5M for investing & retirement (on top of the nice chunk I already have saved). I'd leave that up to my Financial Advisor as to the split, as long as we can pull in $100-125k/year after taxes, so I can retire and my wife can hire a part time vet so she'd only need to work 3.5-4 days a week, which is probably her sweet spot.

Once my kids were in college or on their own, we'd probably drop a nice chunk of money on an RV. In the mean time, I'll finally have time to work on that book idea I've been kicking around for a few years, and to perfect my chili recipe.

Take a dump on on R Kelly.

Quote: RS

Lol. It's surfing, not surfboarding.


Kinda like how it's just a football....not a football ball.

Yep. :) That was mostly for the benefit of those a little older than us (I guess your about my age, although I really have no idea), who might have thought I was talking internet surfing. lol.

Quote: Gabes22

Looks like about an hour to the NW. When I am up there, I sometimes visit the Turtle Lake casino in St Croix

other way around, St. Croix casino in turtle lake. The Danbury and Turtle Lake casinos somehow don't share information even though they're the same tribal ownership. Dangerous drive between the two at night! I've never seen so many deer at different points on that short of a drive, like avoiding land mines.

Quote: mcallister3200

I've never seen so many deer at different points on that short of a drive

I think a 30 minute drive along highway 54 one evening, I managed to count about 40 deer.

I've had quite good results with the deer whistles. Before I installed them on the car, the deer would just stand in the middle of the road and stare at me stupidly. After the deer whistles, they scatter like bowling pins.

Let's see...

1.) I would pay off all debts including the house upon which I have a mortgage and student loans. (92k, total)

2.) I would buy a small hotel/casino somewhere in Rural Nevada. I would bribe my ex-wife to move herself and the kids out to somewhere in Nevada within an hour or two from my casino.

3.) I would sell the house upon which I just paid off the mortgage.

4.) I would buy a Black 1989 Mercury Grand Marquis.

5.) I would close my jive-@$$ rip-off on-line casino, Mission2Gaming, so that I could stop ripping Forum Members off with my bull**** Blackjack game.***

6.) I would install 101.6% Loose Deuces at the $1.00 denomination, on one machine, the night before launching The Golden Goose Hotel & Casino.

7.) I would call Axelwolf and tell him to come to the Golden Goose the next day at opening and the precise location of the LD machine.

8.) I would instruct my head of security to wait five minutes, and then ban AxelWolf from the casino floor for 24 hours. (HILARIOUS!)

9.) I'd buy Axelwolf a great dinner to make up for my joke.

10.) I would have a field bet with 0% House Edge, but instead of Tripling Snake Eyes and Midnight, I would simply Pay 2x on all three Craps numbers (2, 3, 12). The minimum and maximum bets on this would be $5.00.

11.) You could also Buy the Four at True Odds for a 0% HE and no commission, but not the Ten, just the Four...I don't know why.

12.) I would have PARTIALLY 0% House Edge Roulette. A player could choose to bet Red or Black and 0 would be ignored. The Minimum/Maximum bets for this are $5-$25. All other bets would be based on a single-zero Roulette wheel, which is what the Golden Goose would have.

13.) My Blackjack Rules would absolutely suck.

14.) I would have no Table Games other than awesome Craps, awesome Roulette and terrible Blackjack.

15.) I would get a note a month later that my VP bank near the cashier LOST money for the previous month...I would say, "Oh, s***!!!", and realize that I forgot to change the Loose Deuces paytable back.

16.) Happily ever after, kids set for life, and all. Just run my little casino/hotel until I die.

***That is 100% a joke, I have nothing to do with that casino.

Quote: Mission146

4.) I would buy a Black 1989 Mercury Grand Marquis.

You're getting there. There's hope for you yet. XD

Seems a bit too small to start an evil empire, i.e., "The Technological Hierarchy for the Removal of Undesirables and the Subjugation of Tarts."

I really don't know what I would specifically do with 5 million.

Maybe like when I had my very first job, I took the cash (a little less $300 I believe) for two weeks work and spread it all over the bed and just looked at it.

Quote: Mission146

I would close my jive-@$$ rip-off on-line casino, Mission2Gaming, so that I could stop ripping Forum Members off with my bull**** Blackjack game...That is 100% a joke, I have nothing to do with that casino.

I'm still not convinced LOL

Quote: Gabes22

I don't consider $5M enough money to retire on and live comfortably at the age of 36. in 30 years, I anticipate houses that run for 300K now to be going for 2M, and gas being at $10 per gallon

You are correct about one thing, the 4% rule, for example, does not work for someone 36 years old, your money might run out in your mid-60s.

I'm guessing you'd need to live off about 3% per year, but it's conceivable you might reach a figure [amount taken per year] that isn't all that appealing.

I'm retiring in 2018 and think I'd still plan on that. I enjoy my job so doubt that I'd retire early.

I also don't owe any money to anybody. Everything we have is paid for. I did charge the airline tickets for next week in Vegas but will pay that when we get the bill.

So, I imagine I would get with our CPA and figure out the best way to give a million each to our three kids without them having a huge tax burden. And then invest the rest somewhere safe to use if we ever have the need. It would be nice to enjoy that kind of cushion.

$5 million, huh? One could do a lot with that amount of money... Particularly the ONLY good couple minutes of The Gambler comes to mind (John Goodman's f**k you speech:


1) Pay off my car/student loan debt.
2) Buy a couple nice houses... probably about $200k around me, and another summer house somewhere near Vegas (figuring around $300k for a decent house to my liking there). I would get my dream dog, my pure bread German Shepherd. This dog would go where I go, at all times.
3) I would pick a few causes/charities/things I feel need more attention and I would put up to $100k in developing plans for either fund raising, awareness, research & advancement, etc. INCLUDED in this I would also dress up as a homeless person, make a scene where me or an actor is in distress, etc, and find real hero's/good people. I would pay off some debt of theirs or give them cash/etc. In my opinion, doing the right thing is highly undervalued in our society. The rest of my life I'd do something like this to consistently reward good people whom do the right thing in different situations from something simple to something extreme.
4) I would pay off some family/friend debt. I would not 'give' them money, but I would pay off some of their debts to give them more comfortable lives, and possibly buy fun stuff for them if the budget allows it. I'd spend maybe $200,000 on this.
5) Take another $50k and travel, party, buy miscellaneous things for "fun." I guess this is the category in which "hookers and blow" or "two chicks at the same time" would qualify for. Some of you have like $200k for partying... what on Earth would you spend it on; you must be partying wrong.
6) I would keep $100k cash for an AP bankroll, and AP during all of my trips around the world, etc.

7) Take the remaining ~$4 million and of course do the investment thing where I'd pull a salary of $100k per year (after taxes) for my income. One caviot to this is that I would, when making this deal, make my adviser give me classes/lessons over the first year so that I understand absolutely everything they're doing with every penny of my money at every given moment. By the end of that year I would know as much, or more (with possibly education/research) than my advisor. Well, I wouldn't know more, but let's just say after 4-5 years I should know more than enough to run my financials myself.

8) I would go back to school and get degree after degree slowly, in every subject around the spectrum. From liberal arts to other science/engineering degrees. This would be a slow process that would take years and years as I would want to have classes maybe every other semester/quarter, etc. Maybe one full semester, then one off, etc...

9) I'd probably still work/consult for my company or previous company one day a week. I'd work on side projects they want done or something to. I don't think I could ever "not work." I enjoy having something to do and accomplishing things. Perhaps This would go away though after going back to school, working with fundraisers/charities/etc. Who knows.

10) I'm a fan of helping people. Be it if I saw someone getting mugged, asking simple advice, asking for relationship advice, asking for school related advice, etc. I enjoy helping others (probably why I pour hours and hours in to long detailed threads and answers =P). I would try to find my place in helping people, in whatever way I could. I live life for wisdom, but I believe wisdom can only be experienced, not learned. Experience -> Knowledge -> Wisdom. I would try to pass on what wisdom I have to others while consistently experiencing and learning new things.

Nice video, I really like John, perhaps a 'man crush', whatever..but the advice, yea, the advice ain't bad, you could pay for worse...

I don't know what I'd do. I would have to sit down and think about it real well. Like some said 5M is not that much money for someone in their 30s (like me). So that means no retirement just yet.

I subscribe to the idea of licking the dew and overflow from the glass of water, not drinking from the glass. So yea I'd invest the money in index funds. Oh and I would fly at least business class or higher on 4+ hour flights. Oh Ohh I would not hesitate as much playing $10 craps if $5 table wasnt available. Those are my only desires at this time.

To make this fantasy into reality I buy $1 or $2 of megamillions whenever the jackpot gets to +-$100M

I've already paid off my house and cars and I'm already retired ( at an early age) with a significant pension for the rest of my life.

My philosophy is that wealth is about "having experiences" rather than "owning cars." So I would

1) travel
2) buy something that would give my kids and friends additional reasons to hang out with my wife and I - a house on the water or a large boat or a house on a ski resort or something like that. Maybe a home in some incredible spot in downtown San Francisco.
3) Take up a creative hobby
4) Uh, yeah, I would probably gamble a bit more often.

2nd answer:

Of course, one could always use some of the money to achieve the male "sexual hat trick":

- sex (simultaneously) with identical twin sisters
- sex with a female midget
- sex with a female double amputee

I know of two people who have achieved 2/3, but I am currently at 0/3 and unlikely to improve my record (I am happily married).

Quote: odiousgambit

I'm still not convinced LOL

Me too. I'm thinking all of a sudden the game will get all static-y, and then a video of a goateed Mission will appear, and he'll say, "You fools! As if someone would ever offer a player advantage blackjack game online! Gotcha, suckers!"

And they he would hopefully give all our money back.

1,000 pulls on the $5,000 slot machine at Aria! :)

I would buy a 3 bdr house in Coronado. With the left over $30, I'd buy a pizza.

Or put a mil or two in an apple DRiP. They will be a trillion dollar company and there is no reason I shouldn't ride that wave. With 2 mil of stock, you can sell a lot of covered calls and make a good chunk. In fact just did the math. If you sell covered calls on the weeklys for 15000 shares, that alone would get you about 10-15k a week.

Then I would buy MDXG stock. I use that product all the time. They are bound to blow up.

"Blow up" might be the right phrase. The first thing I saw when searching MDXG is this:

Investigation of a Potential Shareholder Derivative Action Concerning MiMedx Group, Inc.

I would continue to live the same lifestyle (I don't work).

I guess I could afford more hookers and blow, but otherwise nothing would change.

Yeah they have had a rough go this last year. The FDA sent them a warning letter, then the stock dropped and a million law firms pounced. It hurt the stock. Then the OIG said they were going to investigate, and even though they quickly determined no wrong doing, stock once again took a hit and once again law firms pounced. Funny how stock doesn't often follow reality because why that goes on, the product they sell is phenomenal and they keep crushing it every quarter. I'm just saying I think the stock will eventually catch up to reality not hype.

But full disclosure, I freakin' love the product. I have seen phenomenal results. In fact, I presented a poster at the American Academy of Pain Medicine this year. I fixed a guy's rotator cuff tear with a tiny injection. That is unheard of.

http://www.painmed.org/2015posters/poster177.pdf

5 million is enough money for me to quit this nonsense gig slaving away 80hrs a week for ungrateful pricks. With that said, I would invest all of it by creating a portfolio that gives me 6-8% a year in dividends and interest. That equates to 3-400k a year which is more than enough to enjoy life on. I would not significantly increase my spending. Hence living on what I make now and factoring in marginal upgrades, I could still save on that annuity.

I would be a very happy man.

Word of advice on hiring legal and financial advisors. Everyone is always trying to screw you when you have money to invest. Do your homework, ask tough questions, do your own research and OWN your future.

I assume this is one of those tests from a Craaaaazy wealthy person, looking for a worthy person (like "Willy Wonka"). Well I'm that worthy person ! To prove it, I just need 1 miiiiiiiiillion dollars. Not 5 mil.

pm me.....

Quote: slackyhacky

Yeah they have had a rough go this last year. The FDA sent them a warning letter, then the stock dropped and a million law firms pounced. It hurt the stock. Then the OIG said they were going to investigate, and even though they quickly determined no wrong doing, stock once again took a hit and once again law firms pounced. Funny how stock doesn't often follow reality because why that goes on, the product they sell is phenomenal and they keep crushing it every quarter. I'm just saying I think the stock will eventually catch up to reality not hype.

But full disclosure, I freakin' love the product. I have seen phenomenal results. In fact, I presented a poster at the American Academy of Pain Medicine this year. I fixed a guy's rotator cuff tear with a tiny injection. That is unheard of.

http://www.painmed.org/2015posters/poster177.pdf

wait.. FIXED a rotator cuff tear with a tiny injection?

I've had rotator cuff injuries. how does this fix it? (as opposed to covering up the pain)

Quote: Mission146

6.) I would install 101.6% Loose Deuces at the $1.00 denomination, on one machine, the night before launching The Golden Goose Hotel & Casino.

Yes!!!

Quote: gordonm888

2nd answer:

Of course, one could always use some of the money to achieve the male "sexual hat trick":

- sex (simultaneously) with identical twin sisters
- sex with a female midget
- sex with a female double amputee

I know of two people who have achieved 2/3, but I am currently at 0/3 and unlikely to improve my record (I am happily married).

Jesus, which one are they missing, the double amputee? lol

Yeah. Look at the MRI pictures I posted.

It works by recruiting stem cells to the area.

Pretty cool stuff.

Just fyi.....

Avg Net Worth by Age